Why a Townhome Might be the Perfect Investment for You

Why a Townhome Might be the Perfect Investment for You

When we think about property investment, generally, most attention is given to houses versus apartments. After all, it’s the land that holds the value, right? But what about the missing middle ground – townhomes?

Traditionally, townhomes (or townhouses) are two to three storey dwellings that share common walls with neighbours and often have small gardens or courtyards. You’ll usually see them in clusters in suburbs throughout inner city Melbourne, but they’re becoming increasingly popular in suburban growth corridors like the City of Casey.

A modern choice

Townhomes really are the epitome of modern living. In keeping with the 2021 lifestyle, they tend to be low-maintenance like an apartment, but quite often have a delightful outdoor space and, without all that extra land, they’re significantly cheaper than a house. With this style of living become increasingly sought after by buyers, new communities (including Ortus) are partnering with builders to bring this style of home to more suburban markets. Take The Rise Collection at Ortus – delivered by the experts at SOHO Living, this collection offers a unique selection of high-end, architecturally designed turnkey towmhomes perfect for young couples, singles and downsizers alike.

The whole package

In the last couple of years, in large part due to COVID-19, people are focusing on the complete lifestyle package that their home offers, with townhomes able to tick a lot of those boxes. Importantly they’re able to deliver on sustainability, wellness and connectivity. And, as is the case with Ortus, townhome collections in the suburbs are often located in prime position amongst surrounding amenity. Townhome living in our Cranbourne East location presents a truly unique opportunity to live an urban lifestyle less than 10 minutes from Cranbourne. That means, potential tenants are just minutes away from shops, cafés, entertainment, transport and schools.

Keeping demand high

Ninety per cent of homes in nearby Cranbourne are house and land packages, and only 10 per cent are townhomes. This makes them even more desirable. Because townhomes tend to be larger than apartments, often with three bedrooms and room for a workspace – and there are fewer of them – then they’ll have great appeal for investors. House hunters are often keen to downsize into them in the same suburb where they’ve been living on a big family block. And, they’re a great option for young professionals and couples looking to live in a thriving area before committing to a build of their own.

The nitty gritty

If you’re looking for an investment property within Cranbourne East, you will find that the median rent is currently $400 with a rental yield of 3.6% for houses, and the median rent is $350 with a rental yield of 4.4% for units. The majority of people found in Cranbourne East are young first home owner families, aged between 30 – 34 years old. Of course, it’s important to do your due diligence when seeing if an investment property is right for you. So check out the full suburb profile here, or consult your real estate agent.

With such exclusive new home opportunities in an ultra-convenient location, we anticipate townhomes at Ortus will vanish fast. So, don’t wait, make today your fresh start and secure the investment of your dreams while you can. Register now or call 0499 940 120 and one of our friendly team members will be more than happy to assist.

Back to News